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Manufacturing PMI

The Italian Manufacturing Purchasing Manager’s Index (PMI) covers 400 industrial companies in order to extract an indication for the performance of Italy’s manufacturing sector. All else equal a reading above 50 indicates industrial expansion, whereas 50 or below 50 indicates no change or contraction respectively. The index is published by Markit Economics every month.

 Italian Manufacturing Purchasing Manager’s Index (PMI)

The Italian Manufacturing PMI index for June came out at 55.2 or 0.18% higher than May’s 55.1 whereas consensus estimates stood higher at 55.3. Historically the index hit an all-time low of 48 in 2012 and an all-time high of 56.2 in April 2017.